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FOX Business
Aug 7, 2013 11:00am EDT
in michael, senior political analyst at the washington examiner, a fox news critter, michael, standing up to russia, finally; right? >> well, finally president obama came to office, pledgedded for a reset of relationships with russia. he evidently had the view then that president bush is a texas primitive mindless conservative and adopted cold war abuse and repelled the modern up to date russian. looks like he had something of an education. president bush had a positive impression of putin when he met him as he related to the book "decision points," and clearly changed his minds. it's taken president obama a little longer to do so. dagen: is it a waste of time to go to the g20 summit all together, michael? >> well, is it a waste of time to go to the g20 summit? i've never been to a g20 summit, so i have not -- dagen: for the president. >> it's probably a waste of time. we have, you know, it's an odd collection of countries in here. we got argentina in there as one of the supposedly most developed countries in the world, which is pathetic joke, sorry to say, sorry for the people of argenti
FOX Business
Aug 27, 2013 11:00am EDT
games. washington, d.c. will be the first city to host the summer games. it has a long way to go. those are your news headlines on the fox business network. connell: thank you very much. this continues to escalate. the potential of the united states involvement down the line. katie stockton joins us. always has a very good technical look at the markets. is this something that you look at just temporarily? >> i think the negative reaction is reasonable. i think that it does appear to be temporary. last week we saw this oversold extreme reading that we have not seen in over a year. it is pretty rare to see that. we do tend to see the market entering a bottom process. i believe it was around 1639. that would be an ideal set up. connell: we have the nasdaq on the screen. as we see it there, you are talking about the support not very low below that. what about a target? >> on the upside, the initial and final resistance is right around 1710. of course, that is based on the recent high. beyond that, i have a target of about 1780 based on a previous breakout. on the downside, if we were to bre
FOX Business
Aug 5, 2013 11:00am EDT
it championship. dagen: washington bowles. still proves that he can open a movie. >> he sure did. 28 million at the box office and took number one. we had a screen showing the top five films. not a big blockbuster, but then the fell only cost 60 million the make, which is not bad. wolverine second week, 50 percent drop. smurf to, looking bad, but 75 percent of that first was overseas. dagen: and then the canyons. >> which you saw. dagen: on directv on demand because they did the simultaneous and peter release. >> usually when they do that it means the film will do that well. it means that there will be a curiosity. some people want to see lindsay lohan naked. i'm kind of trouble by it because having watched that parent trap with her as a lower growth my daughter, i'd want. dagen: i don't mean because she's naked and you're looking at her chest, but she looks like she's about 45 because she is age so badly. her co-star, the porn star, proving he can act below the waist but not from the waist up. it is one of the worst movies ever seen. was it in the privacy of my own home. you can stop it. >>
FOX Business
Aug 28, 2013 1:00pm EDT
speech in washington. churches and other bells will ring to mark the hour. president obama will speak today in d.c. the fire near yosemite is one of the largest in california's history. the boost containment to 23%. the fire has consumed 293 square miles. the tomatoes were flying in spain. 130 tons of ripe tomatoes. the town needs the money to pay down debt. by the way, portable showers are available. lori: thank you so much. the unemployment rate may be down. according to my next guest, it will take years for this to return to full employment. you did some of your own calculations on the unemployment situation. we need 2 million more jobs to get us back to where we were. how did you come to this number? >> that is the difference between how many people were employed and how many were employed in july. the actual jobs deficit is bigger than that, however. lori: what is the deficit? >> between seven and seven and a half million. lori: since we follow the payroll report on a monthly basis, how many new payrolls need to be created in the economy. >> if we have job growth of about 80,000
FOX Business
Aug 6, 2013 11:00am EDT
. newspapers are the new trophy wives for the soup ire rich. that's what we say. jeff buys the washington post, but will this be a lasting marriage? actor george clooney calling out hedge fund manager dan lobe saying he's a greedy carpet bagger who doesn't know what actors do. a scandalous affair, one guest says that's what lawmakers did by opting out of obamacare before they went on vacation. all of that and so much more coming up this hour on "markets now." ♪ dagen: newspapers are the new trophy wives of the super rich and probably cost less money than women. first, the markets, dog days of summer giving investors little to trade on, but we have a market deep in the red right now, and look who is at the new york stock exchange. that's adam. >> hey, dagen. dagen: hey, adam. >> down 137 points on the dough, blame ibm. winners, though, three in the green, and disney, getting earnings later today besides the stink-a-radiobomb, "lone rangers" but the s&p a different story, fossil with a great day at the s&p, even though we broke below 1700, shares up 17%, washington post set a new high, up 4.6%
FOX Business
Aug 2, 2013 1:00pm EDT
washington we know nothing gets done. i mean at what point do you believe that this country really has to seriously look at its tax code and regulations on the banks and other parts of industry in order to allow these businesses to get going? it sounds great. sounds a bit of utopian. in reality, when do you think this, can happen? >> i'm hoping it will happen after the next election cycle which i hope will be a bake upcall. i think our economy will continue to sputter. we continue to have some growth but very disappointing growth. we're suboptimizing economic well-being. we're hurting low income and moderate income people which is one of the ironies. if president obama was serious about helping the middle class, the best thing he would do is repeal obamacare and dodd-frank. those are obstacles to job creation and major obstacles to economic well-being. ashley: you have to have some regulation, right? isn't there a balance? >> sure, there's a balance but you don't have to nationalize the medical system and you don't have to nationalize the banking system. basically banks in the u.s. are
FOX Business
Aug 2, 2013 11:00am EDT
in washington, d.c. dagen: do you think that will last until the next presidential election? >> what businesses will start to catch onto is washington is kind of benign, not a lot is getting done. he has not been able to have the onslaught of policies as he had with obamacare, the stimulus bill, "cash for clunkers," so still remain optimistic about the second half of this year government spending is falling and i think that is a good thing for the economy, not a bad thing. you look at these numbers, and you really hit it on the nose. when you have employers hiring but half of the jobs created over the last few months have been into industries bid those are not high paying jobs. dagen: i got in trouble for talking about people who were taking money and living off of the government. because i made some comment over the weekend on "cavuto" is hurt someone's self-worth and i still stand by you are not supporting yourself, to ultimately damage someone's self-worth, but do you worry about people who have been completely and permanently removed from the labor force because of the rise and greater avai
FOX Business
Aug 6, 2013 1:00pm EDT
to flaunt their wealth. amazon's jeff bezos be with the washington post. dennis: the fight with george soros and carl icahn ran the. charlie gasparino as the long and short. time for stocks as we do every 15 minutes left head to the floor of the stock exchange, adam shapiro, stocks down. adam: not as bad as they were earlier. we are off of session lows and may go above 1700. one of the reasons the dow is down 82 points is ibm pulling but dow down and ibm is down 2.2% accounting for 34 points of of the dow but not only the biggest loser on the dow, they got a downgrade which says their stock price could go as low as $175 a year -- a share, a big fall down is ibm and one issue is people don't want their mainframes as much as they used to. lori: the windy city has one of the most poorly funded pension systems in the country, 50% underfunded. no solutions so far. could be the next major city to declare bankruptcy? joining us is steve malanga, senior fellow and author of the indebted states of america, what a title of a book. what is the story with chicago? truly as bad as detroit or heading in t
FOX Business
Aug 30, 2013 11:00am EDT
baseball stuff, but if you read through the washington post and see something like the governments of iran, china, russia, north korea are difficult to penetrate maybe that is known but if you get into things like that, that is dangerous. >> yes, we may see more of that. they can use this to their advantage. they may think we know something that we don't know or they find out we don't know where something is or don't know much about their nuclear program they might do things to continue that. is really troubling. and it will show up in the newspaper, or assets, and on the front page of a major american newspaper, very troubling. connell: the precedents are troubling. what about actual intelligence or actual information in this report? and something you thought i really wish that hadn't, anything--actual information that hurt us? >> the stuff about the usama bin laden raid. this is not the last time we will go after a high-value target. some stuff terrorists may not do anything about but hearing about phone intercepts, analysis, things along these lines, at some point we may have to go afte
FOX Business
Aug 28, 2013 11:00am EDT
. they are waiting for a report from the administration. the waiting game continues in washington. there are those who are signing onto this idea. the movement is growing on capitol hill. meanwhile, congress is still out for the next couple of weeks. inspectors will need at least four days. we will continue to consult and keep the situation in syria under close room. this on the heels yesterday of a hacker group identifying itself as a syrian army disrupting websites. this is becoming a new dimension. connell: thank you. we will talk about that. we have brian finch. rich talked about a couple other things. with the united states act in syria with or without approval, do you think? >> it seems to be that way. giving them time and information to prepare. president obama does not need the approval of congress to strike. he may want to consult congress. president does not need to go to congress and less he really wants a declaration of war or it will be a prolonged military operation. connell: they basically tipped their hands and some ways but what they want to do in syria. what does that tell you ab
FOX Business
Aug 16, 2013 11:00am EDT
from an internal audit obtained by the "washington post". dagen: former deputy assistant secretary of defense and fox news the legal analyst. and lost all credibility, but where do we go from here? >> i don't believe anything they say any more. hardly a day goes by without yet another revelation. at this point we don't trust anything they say. they have shown that they are not abiding by their oversight regulations either with congress or the courts. there's a time for a special commission take former intelligence people, for congressional leaders, former lawyers and give everyone the same room and say, what are the safeguards that we have in place? what are we collecting and wire recollecting it? what is the ability to all people accountable? the thing now is that there are all these excuses. we did not know we were doing it. it was a mistake. someone needs to be held accountable. hold them accountable, make an example lot of them because otherwise this abuse is going to continue. we now know one thing for sure. they have the ability to collect the stuff. will they use that and ab
FOX Business
Aug 26, 2013 1:00pm EDT
, but they are not concerned about syria. regarding what's going on in washington, this is -- this would not be part one. we already saw this in 2011, and what would spook the market is some kind of -- some new fight in washington that is not already being discussed. that's why what happened in august of 11 was dramatic. you had the debt ceiling debate and downgrade all at once out of the blue. lori: what's the best advice? what sectors right now? >> well, listen, as i said, as you said, the bull market is aging and wringly, but it's not over yet. i think you got to stick with what's working. we like financials still. it's amazing. financials melted up from the 2009 lows, still up loved, room left in financials. we love the transportation index, the dow trannies, and we still -- biotech is the winner this year. i want to play biotechs. i think, after this next pullback, correction, whatever, it's going to work out to be, i think then the market cycles into the real late stage sectors like industrials and energy, but we're not there yet. lori: paul, what do you think of the interest rates market? despite vol
FOX Business
Aug 15, 2013 11:00am EDT
, the "washington post" website has been hacked. dagen: it is not good for cisco stocks. playing playoff 4000 people and the stock is down more than 7% right now up more than 50% in the last year, but what does the future look like? connell: sorry for calling detroit's residence dumb and lazy. emergency management director now on the defensive. so we will talk about that story. the market off the lows. even with that we take some winners of the s&p 500 including calls. --dash kohls. we will be right back. dagen: here's what is coming up in the next half hour of "markets now." the dow sinking the jobless claims move lowered nearly six-year low, wall street fears the federal reserve will move to pull back. interest rates moving up today. city manager says he is sorry for remarks many believed to be racist. he says some people in detroit are lazy, but also rich. homebuilder confidence near an eight year high. but a guest who says we are not out of the woods yet. maybe misplaced optimism. connell: you can see the dow started to selloff. a lot of times you see a company announced layoffs, 4000 workers as
FOX Business
Aug 13, 2013 1:00pm EDT
was that they were worried about fares into and out of washington national, which is the slot controlled airport, and all of these things are usually done in negotiation with the doj and the parties. i think the fact that it is washington and politicians fly in there is the concerns point, but as we know, politicians fly in on highly discounted government fares. adam: let me ask you this. the industry lingo is efficiently, which in english means layoffs. this is an attempt to save jobs so in the midterm elections they say, we stepped in, stopped this merger to save jobs? >> no, i don't think so. the job losses that will take place in the merger, people have already left american airlines in groves who think they will lose their jobs. i don't see that as -- if that is the point, it's not realistic. adam: make sense for doj to come into this and put up a hurdle at least so late in the game? >> well, this is surprising. this is my 12th airline merger. usually they are negotiated behind doors and they come up with something, then there's slot sales afterwards which we have seen before in washington
FOX Business
Aug 29, 2013 1:00pm EDT
for another budget battle in washington. any of these risks in your mind? >> some of the concerns appear to be fading a bit but with the budget battle will be the overhang the next few weeks. these things tend to go down to the wire. that puts us on edge through at least mid-october. that is a something that could really hold back the market for the next few weeks and of course has a potential of serious negative effects on the economy. lori: thanks for your insight. >> thank you for having me. adam: shares of vodafone and verizon are jumping on word vodafone is selling its stake in verizon wireless to verizon. verizon is talking to several banks about borrowing billions of dollars at the purchase admitted to cost the company up to $130 million if it actually closes. lori: u.s. military stepping of the middle east adding a fifth navy destroyer off the coast of syria. action would be legal but shouldn't take place until after u.n. investigators return. rich: james rosen reporting the attack is very likely focused on delivery systems, weapons systems use or could be used to deliver chemica
FOX Business
Aug 8, 2013 11:00am EDT
administration, and the drug enforcement ad mings and other law enforcement groups in washington use the data to institute to initiate criminal prosecutions. now, you say, well, so what, bad guys deserve to be caught. we have a fourth amendment to prevent the use of a dragnet to catch spies as a basis to start criminal prosecutions and to make it even worse, we now know that in a manual prepared for irs agents, they were told that if their information came from the nsa, and they were put under oath as to where they got the information from, they were to lie about it. dagen: right. >> and claim it came from somewhere else. this is extremely disturbing if any of the lies took place in cases where the defendants have been convicted. guess what, defendants are now entitled to a new trial. dagen: doesn't congress, though, have the power to stop this? >> yes and no. congress can put a stop to it by reducing the budget or giving a budget and say what to do with the money and what they cannot do. libertarian republican congressman combined with liberal democratic congressman conyers last week in effo
FOX Business
Aug 14, 2013 1:00pm EDT
think that it is really embowlenned people in washington both on the regulatory side and on the legislative side to say hold on, maybe we should be rethinking the power and the scope of these businesses. tracy: do you think that, i mean, maybe just because of the my experience with washington and unfortunately we often think they don't know a whole heck of a lot, do you think they don't truly understand how complicated for banking system is and it is simpler for them break it up? >> i don't think the banking system understands how complicated banking system is. part of the problem -- ashley: i have to interrupt you. let's go straight to the u.s. attorney for the southern district of new york, preet bharara, talking about the criminal charges in the "london whale" case. let's listen in. >> the largest financial holding company in the united states and the parent of the nation's largest bank. we have filed conspiracy, wire fraud, and related charges against these two traders, for their alleged participation in a scheme to hide the true extent of massive losses in a synt
FOX Business
Aug 22, 2013 1:00pm EDT
for your comments. we appreciate your time. we want to go to washington. our correspondent rich edson is working phones in deceit i. i understand you just talked to treasury, rich. >> a treasury official tells fox business and treasury secretary jack lew will be updated and giving remarks at at&t. we'll see if we have updates there. the sec saying they're monitoring the situation and in close contact with the exchanges. on top of that a fbi spokesman for the new york field office tells fbn they are aware of an issue with the nasdaq but have no further comment. what you typically get from government officials, they're monitoring the situation, that's what we're getting now. cheryl: i know you're working phones. get away from the camera. rich edson, thanks so much. i want to bring back in todd schoenberger. there is something you touched on earlier, charles payne said as well, lack of faith in markets. on days like today, whether it's a freeze, a flash, a halt, whatever, todd this is a problem when it comes to trading on major averages and technology maybe not supporting our markets tod
FOX Business
Aug 30, 2013 1:00pm EDT
are poised to reaccelerate to the upside. let's remember that 2003, washington has not been kind to the economy. we've had big tax cuts. excuse me, big tax increases, big spending cuts. we've had the reduction in hours worked as employers are getting used to and ready for obamacare, trying to get workers under that 30-hour limit. lori: right, right. let me come in here with this. sorry to interrupt you. always on a time schedule here. where should my, where should i be overweight in my asset allocation? >> we think that right now europe is probably in the best position to reaccelerate. they're very, very cheap, relative to the u.s. we like cyclical u.s. that could be consumer discretionary. that would be the oil services and exploration and production companies. we also are very, very high on the parts of the emerging market that are the haves that are not dependent on qe. lori: and your cash thoughts? >> cash is always something that is going to drag you as long as the fed keeps interest rates at zero. we've got inflation at 2%. longer you stay in cash the more you lose. lori: m
FOX Business
Aug 8, 2013 1:00pm EDT
the cash and get the articles for free. this comes after the boasten globe in washington post were purchased by new owners. lori: is that true? adam: you don't have to pay, after ten articles, clear out the cash, and get them for free. another step in going public, the hotel group tapped four banks to manage a share sale as the private equity owner, blackstone, looks to capitalize on a rebounding real estate markets, and strong investor demand for initial public offerings. they took hilton private in 2007. lori: picking up with john now, the jobless claims and broader trends of finding employment after being unemployed for many, many months. john, are you with us? >> yes, i am. lori: great to have you here. the take on the initial jobless claims, multiyear lows here, but overall, a stubborn recovery; right? >> yes, jobless claims are low telling us that companies are laying off fewer employees compared to the past. it's good news, but what jobless claims don't tell us about is the squall of newly created jobs or the number of newly created jobs for that matter. my guess is that pay
FOX Business
Aug 9, 2013 1:00pm EDT
. consulate. there have a number of debit tax in washington is warning americans not to travel to that country. fire officials say the 16,000-acre wildfire in the mountains east of los angeles is now 25% contained but the conditions are very dangerous. the flames hav destroyed 26 homs and are threatening more than 500 others. 1800 people have been forced to flee. new jersey county spokesman saying the 16 workers who share one of the three winning powerball tickets are asking for their privacy now. they all showed up for work yesterday and some are working today. employees will split $58 million after taxes if taken in a lump sum. those are your headlines in a lump sum. the two back now to lori and adam. lori: we are still here it the lone ranger failing to give disney the popular hoping for the summer box office. dennis kneale got a chance to ask bob iger. more known his exquisite and few with the disney ceo. adam: i've known the guy for long time, clearly a very capable ceo. disney faring pretty well. then came a loss on "the lone ranger" and you get beat around. what happens is disney is so
FOX Business
Aug 1, 2013 11:00am EDT
from washington, d.c. these a incidences into scandals are phony, they failed, what do you say? >> investigations are continui continuing, it is getting tougher and tougher even though the white house and the president continue to use that phrase for that to stick up. speaking to one of them and the fbi as being behind this attack on the conflict in benghazi. doing an interview. as the fbi says they're trying to track down these people. so that in and of itself is scandalous, but there are many s investigation continuing on capitol hill. the irs situation, there is new lessons today. taking the fifth of in testimony, the federal election commission, how that interaction happened and what exactly was happening with different groups and individuals based on the irs and the sec, if they go outside the irs, that he comes a real problem for this administration. it is still going on. dagen: the evidence is out there that the american people do care about these issues. >> you ask any poll, which breaks down about 40% of democrats, 34% republicans, 22% independents, but they step into
FOX Business
Aug 19, 2013 1:00pm EDT
the new old iphone. dennis: gas prices fading big-time. why the area from washington state to arizona is in for a small ride. that is next. the local you know throughout history, folks have suffered from frequent heartburn. but getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] one pill each morning. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions
FOX Business
Aug 23, 2013 1:00pm EDT
lou have been briefed and actions from regulators are slowly taking shape. what is next how washington will ultimately respond, our very own rich edson standing by in d.c. with details. rich, you were all over this yesterday. what is going on now? >> tracy the flash freeze may eventually that you cyber gridlock on regulations. the flash freeze reminds regulators and lawmakers on the risks of relying on computer systems. >> it's a significant enough concern that they want to make the president aware and keep him apraised of the situation and it highlights what a number of people have been talking about which is that the more technologically-driven our economy is, especially these high speed trades and, you know, smart grid, et cetera, the more vulnerable are we to potential interruptions. >> now to the regulators, people familiar with the matter tell fox business, commodities future trading commission is looking for new rules for high speed computer changes. sec chairman mary jo white plans to hold a meeting with marketing officials and nasdaq about the marketing freeze. they plan to ha
FOX Business
Aug 27, 2013 1:00pm EDT
in washington kicking into high gear as the treasury department warned we don't have as much time to solve the problem as first thought. lori: so much for profit warnings. beating the street, next, charles payne, making some blame on today's reseller earnings. ashley: bill ackerman's tail between his legs, walks away after an attempt to overhaul the company. it fails. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. ashley: stocks may be selling off, charles payne is in the house, you're speaking about the retailer stocks. charles: last week retail, the last few weeks, mostly teen retailers, for the most part missing the department stores. and today's and that are out suggests there are other thing is going on. women are finally spending money on themselves. and the kids come first and husband gets a lot of stuff and the retail stocks, and there was not a bad number. and did you ever go to d s w? webmac i am obsessed because it is i candy. charl
FOX Business
Aug 7, 2013 1:00pm EDT
talk. peter barnes in washington with the latest. >> hey, lori, that's right. the president of federal reserve bank of cleveland says she is ready to start scaling back the fed's 85 billion-dollar a month bond buying program and quantitative easing. she does not give a specific time like that in september. in a speech today, just starts sandrapy nall toe says, there is immediate improvement in lake bore market conditions and outlook for the labor market since the fomc launched the current asset program. employment growth is stronger than i was expecting. the unemployment rate is half a percent lower than i projected it to be last sent. september. in light proving guess and labor remains on stronger path than last fall i would be prepared to scale back the monthly pace of assets purchases. this is the latest fed official to weigh in on the prospects for tapering. chicago fed bank president charles evans said yesterday he would not rule out the fed pulling back the program at its september policy meeting. dennis lockhart of the fed bank of atlanta, making similar comments yesterday. lori
FOX Business
Aug 19, 2013 11:00am EDT
: the uncertainty in egypt has washington looking at every dime. congressman peter king is here. the tone of that story and why he says it is extortion. dagen: jpmorgan is the number one loser on the dow. >> vidal is flipping over as we speak. the biggest loser is jpmorgan. they have the political connections. the investigation is definitely underway right now. the financials are lower today. this month, jpmorgan down 6%. this is yet another headache. dagen: thank you. we have been sending money for roughly four years and egypt. is now the time to cut it off? >> the problem is people who have taken power now have done so to push the muslim brotherhood away. they burned churches, they kill christians, they have oppressed women. we probably have once again decided to pick the wrong side. we have been taking a side. unfortunately, we took the side of the muslim brotherhood which is inexpressible. there are some symbols of peace that egypt is a part of. for americans to say we do not care anymore, that is being quite naÏve. connell: i guess that there is some risk that comes along with that.
FOX Business
Aug 12, 2013 11:00am EDT
support you. they think it is a great idea. it is very difficult in the current system, in washington. >> 30 countries around the world have done it. the only way you do it is by getting a mandate from the people. that is what i think the 2016th election is about. it will be a major issue. connell: we will talk in the next section of our show about how this poll is out. with the current congress in the setup of the current congress, getting them to go for something like this, i do not know if counterintuitive is the right word.3 >> if you left washington to their own devices, they would make the code even more complicated. they benefit from the system. the only way you change it is through elections. one thing congress has done -- connell: paul ryan has already been advised presidential nominee. is grand paul a serious candidate for president? >> i think it is wide open for 2016. connell: he is not just the type of guy who shakes up the race. >> he will be running to win. i think other candidates will be on the side. yes, i think he definitely will be running. i am an agitator. connel
FOX Business
Aug 14, 2013 11:00am EDT
: peter, thank you. peter barnes in washington for us today. you mentioned ups. first, to the markets. most investors fearing the day the fed pulls back. our next guest thinks the market is kind of detached. we hear about this all the time. >> there are a lot of things we hear about. the tapering has to happen. the stock market did have a blip. >> i think we will have some short-term volatility. you are looking at individual stocks. there are a lot of stocks out there that i can buy. connell: where do you think that opportunity would be best served at this point? >> the economy is two pieces. we are seeing all time highs. i think there is another thing have to think about. we have a lot of people, not just unemployed and underemployed. you have record profits. you have record returns on capital. the housing market seems to be getting better. well the dynamic change as the economy improves? >> part of the normal is the demographic shift. these companies are positioned to meet demand and higher workers. that will help demand and supply both. the dow down 80 some points. we have opportun
FOX Business
Aug 15, 2013 1:00pm EDT
. the mentality here on wall street is an interesting one. i almost said washington. these people turn to washington and try to see the federal reserve whether or not they would begin to taper the bond buying. we will get to some movers in a moment, couple of things, the 10-year, and gold just spiked moments ago up $26. keep an eye on gold. i wanted to take a look at walmart and cisco with two down components. cisco systems carbon 5% of their global workforce. back to you. ashley: thank you very much. lori: a reflection of the cpi, shows a little inflation in the system. let's talk about the data they lose. the latest reading on the fed installment is the and atlantic region slow down more than expected in august. the news isn't much better in the new york area. edging up 0.2% in line with estimates. a bit of good news. initial jobless claims fell more than expected to be lowest level in six years, so the best levels since the end of the recession. does that mean a september tapering is more likely? wells fargo senior economist. we have a stock selloff and a bond selling off. the marke
FOX Business
Aug 1, 2013 1:00pm EDT
of the day and you are not getting the guidance you need from washington. the you have optimism whether from your discussions with the president or members of congress that will change anytime soon? >> i have optimism. is not moving fast enough but the speech the other day when the president talked about corporate tax rates and bringing them down from 35% to 28% i applaud the administration for recognizing 35% is not competitive u.s. companies. it is a good first step but a long way to go to figure out the policy and get congress to discuss it but it is a start in the right direction. adam: could be delivered before the end of the year? >> i wouldn't hold my breath to get it done. it could be excellent for business in this country and this economy which has grown 1% last three quarters would pick up to the 3% range if you make those decisions. adam: oil is going up, one of the world's largest airlines, a huge fleet of vehicles worldwide, you have to pay the price for fuel but is this going to be the kind of head wind that could further squeeze your margins? >> the head wind is not too bad in
FOX Business
Aug 21, 2013 1:00pm EDT
that contributed to it are not out of the woods just yet. peter barnes is in washington, d.c. with more. peter: the attorney general spoke to the "wall street journal." amid some criticism that the administration has not been tough enough. holder said "my message is anyone who has inflicted damage should not be of the belief that they are out of the woods because of the passage of time. holder to a client to tell journal specifics. jpmorgan chase has come under more legal there in the. one regulators said she is worried that the justice department has waited too long. >> it helps make sure that there is full compliance and generates a behavior that we want to be in our system. i wish we would have had earlier energy on this and more consistency about the kind of cases you are bringing. >> she said she does not know of any specific cases or number of cases that the department could be pursuing. adam: what has changed? the administrative and trying to get some blood. >> i think that is what she was in line in her comments. we also have a new sheriff in town over at the sec, mary jo white. as we
FOX Business
Aug 12, 2013 1:00pm EDT
. peter barnes is live in washington, d.c. with this angle of the story. peter. >> that's right, lori. at his press conference on friday he talked about larry summers and janet yellen as his top candidates. he was considering a couple other candidates which piqued everyone's interest. sources have confirmed the president is considering another former fed vice-chair, don kohn. who is the fourth candidate? the white house won't comment by former fed economist, took a crack at it. like other fed-watchers he think's another former vice-chair of the fed, roger ferguson, head of tiaa cref. and stanley fischer, former head governor who heads the central bank of israel. alan blinder, princeton professor. a former vice-chair could be on the list and long with current fed governor jeremy stein. he thinks summers is the frontrunner. summers faces opposition from some democrats in the senate. >> everybody is trying to assess how strong of an opposition there is and if it is worth making a fight with potential, with allies in order to push his confirmation through. i think, i think that's wherr we
FOX Business
Aug 13, 2013 11:00am EDT
this in september, rich edson standing by in washington d.c. looking at the comments and just got a copy of the speech. what does he havv to say? >> dennis lockhart offers more uncertainty about whether the fed will begin pulling back, lockhart says he doesn't expect to have enough data by september's meeting and because of that he would advise against the fed committing to a precise beginning to end plan to fully phased out asset purchases. lockhart says the decision to proceed, whether it is in september or october or december of to be thought of as a cautious first step. cheese as, quote, i will need to get comfortable that the employment progress we have enjoyed is not stalling and this inflation pressure is not building and in a reminder the program will one day come to an end. lockhart says quantitative easing clearly was intended to have a beginning and end. it is not q e infinity. lockhart says between now and the september meeting the board will only have one more employment report, two inflation reports and the second quarter gdp revision and preliminary signal about the third
FOX Business
Aug 5, 2013 1:00pm EDT
is in washington, d.c. this is not unexpected from him, is it? >> you're right, adam. president fisher is an inflation hawk and a critic of quantitative easing. he said after friday's jobs report he wants tapering of the bond purchases to begin this fall. this came after the weaker than expected payroll report on friday and unexpected drop in the unemployment rate from 6 -- 7.6% to 7.4% n a peach in portland, oregon, fisher said quote, with the unemployment rate down to 7.4% i would say the committee is closer to execution mode assuming there is not reversal in the economy. fisher is not a voting member of the fomc but he is in the room for meetings and as a non-voting member. in classic fish, he said in today's speech, at last week's meeting i suggested we should gird our loins to make our first move this fall. but a former fed economist thinks fed members don't have to gird up that quickly. >> the underlying economy seems strong but we don't know how the big the fiscal hit will be yet so why not wait? the inflation numbers are a bit low so why not wait? and finally the bond yields ha
FOX Business
Aug 16, 2013 1:00pm EDT
. the washington post is reporting in the document from a edwards noted reveals the tsa overstepped its authority member of privacy rules dozens of times every year since being given the new surveillance power by congress in 2008. the document also reveals the most significant violations included unauthorized use of information on more than 3,000 americans. in major league baseball commissioner announced plans to approve expanded instant replays during next season which will give managers extra time and should help dramatically reduce the number of incorrect calls made. that plan is to be voted on by the owners in november. in a more helping out your fellow driver on the road in georgia. the new rule from the state road and tollway authority is officially banned drivers from paying the toll for the person behind them. some by -- drivers are reporting that there gets american tolls were actually being pocketed by the cashier's. as i your news headlines.ack to. lori: thank you. such a pleasure. ten bedrooms, 14 careful line swimming pool the infamous for such a mention in south beach which is value
FOX Business
Aug 20, 2013 11:00am EDT
to summers just because of what we are hearing in washington. dagen: is it just a political reward for summers? you bring in somebody who is, i guess, is trouble getting along with folks at points in his career. >> don't you think that both of them would essentially have similar polys on dragon -- similar policies. it is a big deal. dagen: i am anxious to see him do one of those press conferences. it was great to see. thank you so much. every night you can see brett hosting special report on the fox news channel. connell: oil is the reason saudia arabia is willing to jump in and help egypt. dagen: a rise in the cyber attacks that you see on smart phones. new information shows how you are at risk. we have a fox business exclusive. connell: dennis kneale will have updates at the top of the hour. one of the big stories has been interest rates. we will be right back on markets now. ♪ to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or an
FOX Business
Aug 20, 2013 1:00pm EDT
? will the fed actually step in? peter barnes is standing by in washington, d.c. with more on this one. peter barnes, what do you think? >> hey, nicole, one former fed economist thinks that rates could keep rising before they normalize. the yield on 10-year treasury is down slightly today after hitting a two-year high yesterday of nearly 2.9%. that is way up from the low of 1.6% in may. the economists kevin hassett of aei, thinks some of this is due to stronger economic data recently. he thinks some of it was caused by mistakes by the fed. he says the fed should have announced a small haircut in its bond purchases last spring, maybe even just a few million dollars less than the current 85 billion in bond purchases it makes each month, to show that tapering had begun and also declaring that it could reverse the tapering if the economy weakened. he argues that would have reduced the surprise factor in tapering. an minimized the anxiety over it now, plaguing the markets. >> i think that was communication error because what it has done, it made the market really, really antsy. i would expect it w
FOX Business
Aug 21, 2013 11:00am EDT
. connell: she is not the only one. more to come on that. peter barnes of washington. this new wall street journal study showing short sellers in the market looking at their worst losses in decades. charles payne will talk about that. twitter talking with bankers before it makes a decision on an ipo. that brings us facebook in directly and speaking of facebook mark zuckerberg, the co-founder meeting today with senator marco rubio so we will put the puzzle together on that and the connection between the two. all coming up. a lot more to cover, first oil market on markets now and what the price of crude is trading below 105. we will be right back. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. i'm, like, totally not down with chang
FOX Business
Aug 23, 2013 11:00am EDT
the -- broker norquist, nobody knows more about a tax situation in washington. good to see you. on to this next topic one of our favorites, capering in september, expected to be the major focus with some of the top minds in economics gathering for the annual conference. always a good time and peter barnes has a special guest. take away. peter: we are joined by an economic professor at the school of business at the university of chicago. thanks for joining fox business. everybody is talking about capering and when does the fed start dialing down the $85 billion a month in quantitative easing bond purchases. what do you think? >> the minutes made it really clear that they haven't made a definite decision yet, a few people think they should do if sue and by september, and let's be patient and see where the data are so those people will be persuaded by not what happens to the lemon report in september. connell: the august report on september 6th. >> exactly including the revisions for july and june because there is a lot of volatility in these numbers and they tend to be revised 60,000, over a thre
FOX Business
Aug 26, 2013 11:00am EDT
ceiling debate coming up in washington, focused on that heading into the fall, but economists are worrying more about future fiscal challenges. check out the numbers. 43% naming budget gaps in the 20 # 20s and the 2030s as the top issue now versus 37% naming budget issues over the next decade. this is all according to a survey. we do have brian was very with us from illinois. one of our favorite guests. what do you make of this? it is always tough to focus. we are always so much in the moment. >> economists are not saying anything that people know. watch this stuff. they are not designed to last. politicians hope that they do. the bottom line is that they hope they will eventually go bankrupt on current trajectories. americans know this. by the way, this does tie back to the current debt ceiling debate. there are a number of tea party members that are trying to say, hey, we have to fix this problem now. they only want to focus on today. connell: they would say over the next ten years is a bigger problem. what is your timetable? >> currently, and i do not want to paint it as some rosy pictu
FOX Business
Aug 29, 2013 11:00am EDT
as the sec approves it. i have sources in washington telling me they are likely to approve this today. nasdaq we should get out is not commenting on this for good reason. we should point out wyatt nasdaq, come under tremendous pressure because of this thing, the sec is investigating obviously. last thing they want to do is end up in the cross hairs of the sec anna systems malfunction but i'm getting this from my regulatory sources that this could come tomorrow but it is with the sec. what might it say? i think the way i am hearing this, this is pure surmise, somewhat speculative but take it for what it is worth, somewhat positive to the nasdaq, that will show it wasn't necessarily total malfunction at the nasdaq but something more along the lines of unavoidable error. we should back out even though the data feed comes from the new york stock exchange what is happening at the stock exchange they are trading nasdaq lists of stocks, you can trade nyse-listed of stock, stock would be premature of the nyse or the nasdaq you could trade those stocks anywhere, in the black pool. these were traded at
FOX Business
Aug 9, 2013 11:00am EDT
as it prepares to go to court against the u.s. government. peter barnes is in washington d.c. with what we do know. >> in a crib did a e-mail service. it shut down thursday. a u.s. government investigation and the owner. he said he was forced to make a difficult decision. after significant soul-searching have decided to suspend operations. worse than i could legally share with you the events that led to my decision, i cannot. he goes on to talk of fighting this in court and suggests that this message suggests he might be under a gag order from the federal government. based in texas and uses encryption to prevent messages from being read by anyone other than the sender or recipient of u.s. law allows national security agencies to demand and receive messages and data with a court order. the service allegedly used to send a service to the human rights watch back in july. silent male has also shut down -- was also shut down by its owner on thursday. top tech executives at the white house to the swiss national security council liberties, and privacy. apple ceo tim cook, randall stevenson, and vinc
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